Non-Profit Fiscal Sponsorships: Key Considerations & Guidelines

$195.00

Re-Broadcast on November 2, 2017

Fiscal sponsorship is a formal arrangement in which a 501(c)(3) nonprofit organization “sponsors” a group or project that currently lacks exempt status. This session provides an overview of fiscal sponsorship as a tool for both existing nonprofits and groups not currently recognized as public charities. The session begins by defining fiscal sponsorship and the reasons organizations may choose this tool. The pros and cons of this arrangement will be reviewed. The session also includes tips for identifying and locating the right match for fiscal sponsorship. We then examine roles and responsibilities for both the fiscal sponsor and the sponsored group. Special attention will be paid to issues that arise under this arrangement related to governance, financial oversight, and fundraising. We will address practical questions and best practices should a nonprofit or group chose to pursue this arrangement. Finally, we will review key legal and contractual provisions in a fiscal sponsorship arrangement along with a sample fiscal sponsorship agreement.

This course is co-sponsored by Wolters Kluwer.

Key topics to be discussed:

•   Fiscal sponsorship: what is it and why might it be appropriate?
•   The pros and cons of fiscal sponsorship for nonprofit organizations and groups not yet recognized as public charities
•   Roles and responsibilities in a fiscal sponsorship – who is responsible for what?
•   Important legal and contractual provisions in a fiscal sponsorship agreement

Date / Time: November 2, 2017

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

Clear

Gregory Nielsen, Esq. joined the Center for Nonprofit Excellence as CEO in 2015. Prior to this position, he was the Executive Director for Green Hill Therapy (2008-2015). Gregory oversaw the administration and fiscal integrity of Green Hill including fundraising, marketing, and community outreach. During his tenure, his strategic vision and innovative approach led the organization to new heights and vast growth in an extremely challenging economic environment. He holds a Bachelor of Arts Degree in Government and International Relations from the University of Notre Dame and a Juris Doctorate from Notre Dame Law School. He previously served as an officer and attorney in the United States Army Judge Advocate General’s Corps. In 2016, Gregory was named a “40 Under 40” honoree by Louisville Business First publication.

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myLawCLE will seek credit where attending attorneys are primarily licensed for all of its live webinars and live teleconferences, except in states which allow for reciprocity (see reciprocity section below). Credit for CLE in a self-study format is sought for in most states; however, some states do not allow for CLE credit to be earned in a self-study format (see the self-study section below). Many states typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. Credit hours granted are subject to approval from each state.

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On-demand CLE
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Section I. Fiscal Sponsorship Defined

Section II. Reasons for choosing fiscal sponsorship

Section III. Pros and Cons of the arrangement

Section IV. Finding the right match

Section V. Roles and Responsibilities

Section VI. The Fiscal Sponsorship Agreement